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Technology Stocks : Totally Hip Software Inc. (THW) - Just the Facts -- Ignore unavailable to you. Want to Upgrade?

To: DaveU who wrote (571)	6/11/1999 4:25:00 PM
From: Ainsworth	Read Replies (1) \| Respond to of 704

I don't feel the company is in danger of collapse anytime soon. It was only a few short months ago that they spurned Macromedia's offer to abandon the QuickTime format, which presumably had some nice cash or other incentives attached. I was however extremely disappointed that this one small private placement is all that came out of the national tour and Apples strong push of the company. I wonder if these layoffs are in preparation for a sale. I was told that THW had been working on a very tight budget already and that there were not too many employees to begin with. A 40% reduction may mean between 4 and 8 people. How much could they have been paying them to have this significantly effect cash flow. The flip side of course is how weak is cash flow that firing a few people makes a significant difference. The price of the placement is very high on a per share cost, and there was also a recent purchase of 5k or 10k shares at 70 cents that was very odd given recent price movements. Does anyone know the story behind that purchase?